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eMudhra share price & results

eMudhra Limited· Information Technology

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

India's largest digital-certificate (CA) brand, building PKI, digital-identity and e-signature platforms globally.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue191 ₹ crore+29.9% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin26.0 %+2.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit32.0 ₹ crore+28.0% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity13.89 %+0.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-7.41 %−11.1 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)29.79 %−3.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

4 of 9 judged targets kept · 10 open · verdicts reflect calls analysed to Q1 FY27.

eMudhra Limited management guidance track record on Inve: 19 targets tracked across analysed earnings calls (4 achieved, 5 missed, 10 open).

TargetOriginal wordingSaidLatest callVerdict
Cryptas Acquisition Profitability20% EBITDA kind of margins over next 2-3 years
Call transcript, Q1 FY26 · 25 Jul 2025		Q1 FY26Q1 FY27:Remains achieved. Q1 FY27 results show Cryptas contributed INR 200M revenue and is expected to be profitable for the full year FY27.
Call transcript, Q1 FY27 · 30 Jul 2026		Achieved
FY25 Total Revenuearound INR 500 crores
Call transcript, Q2 FY25 · 30 Oct 2024		Q2 FY25Q1 FY27:Promise period has passed.
Call transcript, Q1 FY27 · 30 Jul 2026		Ghosted
FY27 Trust Services Growth20%
Call transcript, Q4 FY26 · 7 May 2026		Q4 FY26Q1 FY27:Guidance revised down to 15-20% per year. Q1 FY27 growth was only 5% YoY due to regulatory headwinds.
Call transcript, Q1 FY27 · 30 Jul 2026		Diluted

Source: Inve Guidance Tracker for eMudhra Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

5 of eMudhra Limited's 19 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 16 more targets are in the full ledger.

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Price

₹337.35 +5.93% · +₹18.9

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −48.2% 1Y

₹300₹400₹500₹600Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 11 Nov 2025Q3 FY26 — 3 Feb 2026Q4 FY26 — 7 May 2026Q1 FY27 — 30 Jul 2026

1Y: ₹651.25 on 24 Oct 2025 → ₹337.35. High ₹662 (21 Sept 2026), low ₹318.45 (26 Oct 2026).

Previous close
₹318.45
Market cap
₹2.6k Cr
52-week range
₹318.45 – ₹662
One year
−47.81%
Price to earnings (TTM to Jun 2026)
22.92×
Return on equity (TTM to Jun 2026)
13.89%

Overview

Symbol
NSE:EMUDHRA
Exchange
NSE
Currency
INR

What eMudhra Limited does

Based on the company's own presentations, annual report and earnings calls.

eMudhra is a licensed Certifying Authority that issues digital signature certificates, SSL/TLS certificates and eSignatures, and builds proprietary software platforms for certificate lifecycle management, identity and access management, and paperless document workflows. It earns through three lines: Trust Services (issuing DSC/eSign/SSL certificates via its own CA and the Primesign/Cryptas subsidiary in Europe), Enterprise Solutions (licensing its emCA, Certinext, SecurePass and emSigner platforms for cybersecurity and paperless transformation), and Services (consulting and product integration delivered through its US units Ikon and TWO95). It serves banks, governments, defence agencies and enterprises across India and international markets including North America, Europe, the Middle East, Africa and Asia-Pacific.

Segments

  • Enterprise Solutions
  • Trust Services
  • Services
Employees worldwide
850+
Countries served
35+
Global office locations
15
Enterprise customers
1,000+
Channel partners
100,000+
Proprietary platforms
4 (emCA, Certinext, SecurePass, emSigner)
Founded 2008Headquarters Bengaluru, India Company website

How the price took the results

close before → close after

Q1 FY27
+0.5%
30 Jul
Q4 FY26
+6.7%
7 May
Q3 FY26
+7.6%
3 Feb
Q2 FY26
−1.1%
11 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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